Form 4: Duke Energy Executive Scott L. Batson Reports Stock Transactions
SEC Form 4
Scott L. Batson, SVP, Chief Pwr Grid Op Officer of Duke Energy, reports the withholding of shares to cover taxes upon the vesting of restricted stock units.
Summary
- Scott L. Batson, a Senior Vice President and Chief Power Grid Operations Officer at Duke Energy, filed a Form 4 detailing changes in beneficial ownership of Duke Energy stock.
- The report indicates that shares were withheld to cover tax obligations arising from the vesting of restricted stock units (RSUs).
- These RSUs were granted under the Duke Energy Corporation 2015 and 2023 Long-Term Incentive Plans.
- Specifically, 168 shares were withheld on February 22, 2025, related to RSUs granted on February 22, 2023, at a price of $115.55 per share.
- Additionally, 226 shares were withheld on February 22, 2025, related to RSUs granted on February 22, 2024, at a price of $115.55 per share.
- Furthermore, 163 shares were withheld on February 23, 2025, related to RSUs granted on February 23, 2022, at a price of $115.55 per share.
- Following these transactions, Batson directly owns 20,262 shares of Duke Energy common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | Date of RSU award grant related to the withholding of 168 shares on 02/22/2025. |
| 02/22/2024 | Date of RSU award grant related to the withholding of 226 shares on 02/22/2025. |
| 02/23/2022 | Date of RSU award grant related to the withholding of 163 shares on 02/23/2025. |
| 02/22/2025 | Withholding of 168 shares of common stock for tax obligations related to vesting RSUs. |
| 02/22/2025 | Withholding of 226 shares of common stock for tax obligations related to vesting RSUs. |
| 02/23/2025 | Withholding of 163 shares of common stock for tax obligations related to vesting RSUs. |
| 02/25/2025 | Date of Form 4 filing. |
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